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Landlord Stamp Duty and Insurance Reviews

Posted by on May 25, 2016

It now seems quite clear that the introduction by the Government of the 3% surcharge for buyers of second homes had a major effect on Q1 mortgage transactions, with the Council of Mortgage Lenders* reporting a rise in March lending of 40% higher than in February.

The article titled ‘So, that worked well …’ is a very interesting read and hopefully one that confirms that after a few months the dust will settle in Q2, and lending will revert to the expected levels for the remainder of 2016 and beyond.

We also saw a spike in our own specialist Landlord Buildings & Contents Insurance sales, with mortgage brokers and IFAs all reporting a big rush on completing B2L applications along with the Landlord insurance.

Don’t let this be the end of your opportunity now that the rush has abated.

It is the perfect time to offer your Landlord clients a review of their existing buy to let insurance policies. Why not quote with Let Alliance for our 5 Star Defaqto rated Landlord Insurance and please note we can also provide “Portfolio Discounted Premiums” for Landlords with just three or more properties.

Think Landlords, think Let Alliance! Please call our Intermediary Team on 01244 421 167 if you require any assistance with our products or quote system, and we will be happy to help.

Source: * https://www.cml.org.uk/news/news-and-views/so-that-worked-well/

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